Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has successfully completed a live transfer test on the Ethereum mainnet involving three licensed firms: Anchorpoint Financial, OSL Group, and PantherTrade. This test proves that HKDAP can be issued, transferred, and settled on a public blockchain without technical issues, marking a significant step beyond previous permissioned pilots in Asia. The project operates under the Hong Kong Monetary Authority's licensing, aiming for phased issuance by the end of Q2 2026. HKDAP is pegged 1:1 to the Hong Kong dollar and is designed to offer a compliant, regulated alternative to offshore dollar-pegged stablecoins, while leveraging Ethereum's DeFi ecosystem for interoperability.
About $150 million in crypto short positions were liquidated as Bitcoin surged past $65,000 following the US-Iran peace agreement, which eased geopolitical tensions and boosted risk appetite. The peace deal announcement triggered a short squeeze, for...
Ethereum is trading between a major long-term support zone around $1,070 and a significant whale sell wall near $2,500. Analysts highlight the $1,070 level as a historically strong support and potential buying opportunity if the price revisits it. Me...
Bitcoin surged to nearly $65,844, its highest in two weeks, after the US and Iran agreed to reopen the Strait of Hormuz, easing long-standing energy supply concerns. This deal caused Brent crude oil prices to drop over 4%, reducing inflation pressure...
Ethereum rose nearly 4% to trade above $1,720 following easing geopolitical tensions and renewed whale accumulation, signaling potential breakout from a multi-week bearish trend. The price broke out of a symmetrical triangle pattern and improved mome...
Ethereum (ETH) is trading between $1,665 and $1,680 after a recent low of $1,603, marking a 0.63% decline over 24 hours and a market cap of $201 billion. Analyst Ash Crypto notes ETH is at its most oversold point ever, with monthly RSI below levels s...
